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Ebix (EBIXQ) Effective Interest Rate on Debt % : 17.72% (As of Sep. 2023)


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What is Ebix Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Ebix's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $112.7 Mil. Ebix's average total debt for the quarter that ended in Sep. 2023 was $636.2 Mil. Therefore, Ebix's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 17.72%.


Ebix Effective Interest Rate on Debt % Historical Data

The historical data trend for Ebix's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ebix Effective Interest Rate on Debt % Chart

Ebix Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.76 5.67 4.24 5.93 8.29

Ebix Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.54 10.86 13.86 15.63 17.72

Competitive Comparison of Ebix's Effective Interest Rate on Debt %

For the Software - Application subindustry, Ebix's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ebix's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Ebix's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ebix's Effective Interest Rate on Debt % falls into.



Ebix Effective Interest Rate on Debt % Calculation

Ebix's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -55.068/( (670.528+657.261)/ 2 )
=-1  *  -55.068/663.8945
=8.29 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=631.217 + 39.311
=670.528

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.772 + 650.489
=657.261

Ebix's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -112.7/( (632.523+639.809)/ 2 )
=-1  *  -112.7/636.166
=17.72 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.089 + 626.434
=632.523

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.334 + 634.475
=639.809

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Ebix  (OTCPK:EBIXQ) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Ebix Effective Interest Rate on Debt % Related Terms

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Ebix (EBIXQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ebix Inc (OTCPK:EBIXQ) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
1 Ebix Way, Johns Creek, GA, USA, 30097
Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The company derives its revenues primarily from its financial transaction fees, software subscription, and transaction fees, software license fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. Ebix generates the majority of its revenue from India.
Executives
Elizabeth A. Lapuma director 520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015
Jill M Krueger director
Priyanka Kaul director 1 EBIX WAY, JOHNS CREEK GA 30097
Senge James Scott Sr officer: Senior Vice President 1629 SEEGAR ROAD, PITTSBURGH PA 15241
Neil D Eckert director 62 BISHOPSGATE, LONDON X0 EC2N 4AW
Steven M Hamil officer: Chief Financial Officer 1 EBIX WAY, JOHNS CREEK GA 30097
Robin Raina director, officer: Chairman & CEO 5 CONCOURSE PARKWAY S 3200, ATLANTA GA 30328
Pavan Bhalla director 1109 BRECKENRIDGE LANE, ALPHARETTA GA 30005
Hans Ueli Keller director BOHLSTRASSE 25, 6300, ZUG V8 6300
Rolf Herter director STOCKERSTRASSE 38, ZURICH V8 CH-8002
Hans U Benz director AGERISTRASSE 24, ZUG V8 CH-6300
George Hebard director C/O ICAHN CAPITAL LP, 767 FIFTH AVE., SUITE 4700, NEW YORK NY 10153
Robert F Kerris officer: Chief Financial Officer 2840 TALIMORE COURT, MARIETTA GA 30066
Fondation Rennes 10 percent owner RATIKONSTRASSE 13, VADUZ, PRINCIPALITY OF LIECHTENSTEIN N2 FL-9490
D'apice Leon Royden Thomas officer: See Remarks 1 URALBA PLACE, WAHROONGA NSW C3 2076